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chilliwilli

Waterboy
Veteran
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Drippy Sally

Well-known member
With income growth concentrated at the top, middle-income households have not successfully accumulated savings in recent decades, which also means they have not shared in the gains from rapidly rising asset values. Over the past 30 years, top-quintile households gained nearly $500,000 in liquid net worth on average (after excluding the top 1%), while households in the middle quintile saw their debt rise faster than their financial assets.

This is not the widespread prosperity that market capitalism is supposed to generate, and it is not an outcome that Americans at any income level should accept.

But do go on about the phone, the coffee, and the shoes being the pinnacle of wealthy Americans. You really are a fucked up lot aren't you?

I really don't like you.
 

Travis Kelcee

Well-known member
With income growth concentrated at the top, middle-income households have not successfully accumulated savings in recent decades, which also means they have not shared in the gains from rapidly rising asset values. Over the past 30 years, top-quintile households gained nearly $500,000 in liquid net worth on average (after excluding the top 1%), while households in the middle quintile saw their debt rise faster than their financial assets.

This is not the widespread prosperity that market capitalism is supposed to generate, and it is not an outcome that Americans at any income level should accept.

But do go on about the phone, the coffee, and the shoes being the pinnacle of wealthy Americans. You really are a fucked up lot aren't you?

I really don't like you.
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